Fiduciary Planning LLC Trims Stock Position in Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)

Fiduciary Planning LLC cut its holdings in shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 42,604 shares of the company’s stock after selling 3,282 shares during the period. Invesco S&P MidCap Momentum ETF accounts for about 1.7% of Fiduciary Planning LLC’s holdings, making the stock its 15th largest holding. Fiduciary Planning LLC’s holdings in Invesco S&P MidCap Momentum ETF were worth $5,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $318,000. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P MidCap Momentum ETF by 4,307.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,680 shares of the company’s stock valued at $7,181,000 after acquiring an additional 58,326 shares during the period. Mutual Advisors LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 17.5% in the 4th quarter. Mutual Advisors LLC now owns 2,598 shares of the company’s stock valued at $335,000 after acquiring an additional 386 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,008 shares of the company’s stock valued at $1,565,000 after acquiring an additional 673 shares during the period. Finally, Creative Planning raised its stake in shares of Invesco S&P MidCap Momentum ETF by 7.4% in the 2nd quarter. Creative Planning now owns 8,077 shares of the company’s stock valued at $921,000 after acquiring an additional 559 shares during the period.

Invesco S&P MidCap Momentum ETF Stock Performance

Invesco S&P MidCap Momentum ETF stock opened at $130.63 on Monday. The company’s 50 day simple moving average is $129.20 and its 200-day simple moving average is $123.17. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. Invesco S&P MidCap Momentum ETF has a 1 year low of $93.23 and a 1 year high of $137.14.

Invesco S&P MidCap Momentum ETF Profile

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.